I see what you did there!
I like your style! Also, thanks for brightening my day and making me laugh out loud.
In summary:
That sentence has got to be the biggest joke/scam perpetrated on indoctrinated sheep. Thankfully, nobody on this forum is so gullible. If it wasn't for the state's monopoly on violence, none of us would voluntarily "submit" Also, that sentence would be lost on +99.99% of the "commoners".
#Respect for figuring this out!
#Bingooooo! 100% this!
I've been saying this
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Source:
The risk of citizenship by investment programs
since the '80s... After I read this in College for an elective course in Criminal Justice... (US colleges one has to take courses OUTSIDE one's major or minor)...
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It was settled....
In the feds, it's a body for a body!
Besides, the USA has been using this for decades:
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But this is overly complicating a simple issue.
He is evidently British - the UK government do not charge their citizens for tax unless they are resident and even then there’s the Non Dom loopholes that can be exploited for / by some and to certain degrees.
There’s absolutely no need to hide or fiddle - you can literally move abroad and that’s that.
After the tax residency official or unofficial I.e established or non established (time) has been committed the individual is then tax resident where ever they spend 183 days and if that’s in no specific country then it’s the end of it they don’t default to the UK or any other country for that matter.
When it comes to non resident UK tax the areas they can be taxed is if they own a company in the UK that would be taxed in the UK, and if they derived income in the UK that would be taxed but there’s methods to overcome that with utilizing holding companies or localized management, in addition if it’s not a physical company I.e digital they can over come this by all staff that would bring it into the orbit of the UK would become contractors to a overseas company and overseas would have established substance or sorts to counter HMRC, now that’s if it is a active involved company - if it’s a passive company then its dividends and dividends regardless would be tax exempt to the non resident shareholder like any other shareholder where they would pay tax where they reside - many countries have tax free or low tax or remittance tax for passive dividends.
There’s a host of methods to reduce ones exposure to UK taxes without breaking the law and providing access to the UKs markets.
The issue is rather simple - Brits are too f*****g lazy and don’t want to move, think of a pig in a pig stye - that’s the average Brit , they want all what they see as benefits (they are not) but want to walk a very simplified line and cross over it without being caught - it doesn’t happen that way and they get caught and HMRC rightfully goes to town with them.
So for me it’s a view of KISS (Keep it simple stupid) - structure yourself or your company correctly or both and reduce your and your companies taxes legally - that means moving at the very least.
Once that’s achieved in time reality on a lot of things begin to settle in.
Now if this is a guy (figuratively) evading/avoiding say a couple of grand a month then it’s not probably worth it - just come clean - but if this is someone that has a potential 6,7,8 figure payments /income/dividends - it’s an absolute must IMO.
If I hear “kids, school, health, friends, family” etc I have zero sympathy and absolutely believe they should be shopped to HMRC - as they are taking out of a broken system whilst trying to evade their legally required payments in.
To avoid them, and to also avoid the so called perks of them is to leave, to move, you’ll find your tax savings go much further than the tax you would have paid or attempted to evade or even legally avoided whilst paid by oneself because the state always overpays and under performs compared to the private markets where your money saved overseas goes much further and provides better returns.
I know a British girl about 34 - engineer - whilst the Chinese are operating the Russian Siberian plants with their engineers due to sanctions and the war, she’s a contractor and gets pulled into China (which is currently legal) to do contract work around their plants, like wise a few of the stans which used Russian engineers previously - even (legal) work in Burma, Bahrain, etc
She doesn’t have to pay tax in Thailand unless funds are remitted (like most of the engineering class that reside there) and she doesn’t have to pay tax in the UK as a non resident - basically tax free
So this applies to not just business owners - active or passive but also core staff like skill set people.
The oil riggers have been doing this for decades, same as aviation people - five of my friends here are all ex aviation - HK tax Free, UAE tax free etc but reside in Thailand others in Malaysia, and others in Philippines etc
There’s places like this in Europe, North Africa and elsewhere - the world is your oyster as they say .
No need to evade legally owed taxes - legally avoid them by moving.